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Daily Archives: 2016-03-26

Will SMRT learn from recent incidents on how to be publicly accountable?

By Ghui As the recent deaths of Nasrulhudin Najumudin and Muhammad Asyraf Ahmad Buhari on the SMRT tracks would attest (read story), unfortunate accidents do occur at work. While it is too early to say conclusively what has caused the accidents, it is important for the employer in question to show immediate support to all affected by the accident. By …

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Budget 2016: Greater dependence on the reserves

By Chris Kuan One of the things that jumped out in Budget 2016 was the huge increase in the projected Net Investment Return Contribution (NIRC) to $14.7b from the final figure of $9.9b for previous year, itself a large upward revision from the initial estimate of $8.9b. The NIRC is the amount of expected long-term real returns on financial assets managed in the main …

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